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Persistent link: https://www.econbiz.de/10000981225
inflationvolatility in Turkey by using the ARDL bounds testing approach.Second, we also examine the causal relationship among these vari … inflation volatility.Also, causality tests results indicate that changes in the exchangerate, output gap volatility, and output … gap will have permanent andtemporary causal effects on inflation volatility. The policymakersshould carefully consider …
Persistent link: https://www.econbiz.de/10014312187
The marked turnaround in Russia's foreign trade in 2023 exerted strong downward pressure on the Russian rouble, which lost around 30% of its value. Global oil prices were declining in the first half of the year, the EU import embargo on Russian oil depressed prices even further; and on top of...
Persistent link: https://www.econbiz.de/10015065596
interest rate, inflation rate, unemployment rate, GDP per capita, foreign direct investment inflows, export and import over the … Nepal. The findings from the OLS regression model indicates interest rate, inflation rate and unemployment rate is …
Persistent link: https://www.econbiz.de/10012855317
Especially, after the 2000s, many developing countries let exchange rates float and began implementing inflation … implementing inflation targeting regimes experienced considerable appreciation trends in their currencies. Might have exchange … rates been utilized as implicit tools even under inflation targeting regimes in developing countries? To answer this …
Persistent link: https://www.econbiz.de/10009789483
interest rate, the study found evidence for the popular Fisher's effect and, then, suggested that inflation targeting should be …
Persistent link: https://www.econbiz.de/10012429646
experiment of the past decade, stemming from a belief of the government that higher interest rates cause higher inflation … eventually a negative coefficient on inflation in the policy rule. In such an environment, was the exchange rate still a random … walk? Was inflation anchored? Does the "standard model" suffice to explain the broad contours of macroeconomic outcomes in …
Persistent link: https://www.econbiz.de/10013201664
experiment of the past decade, stemming from a belief of the government that higher interest rates cause higher inflation … eventually a negative coefficient on inflation in the policy rule. In such an environment, was the exchange rate still a random … walk? Was inflation anchored? Does the “standard model” suffice to explain the broad contours of macroeconomic outcomes in …
Persistent link: https://www.econbiz.de/10014083478
allows us to evaluate the anchoring of inflation expectations in the Mexican economy. To address this issue, in this paper we … price-setting in Mexico for the period between January 2011 and April 2016. Our estimates suggest that the exchange rate …
Persistent link: https://www.econbiz.de/10011523612
Previous studies that included the exchange rate in the Korean demand for money assumed that the effects of the exchange rate changes are symmetric and adjustment process is linear. They found no significant effects. In this paper we apply Shin et al.'s (2014) Nonlinear ARDL approach to...
Persistent link: https://www.econbiz.de/10012930773